define propensity
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- Propensity is defined as a natural tendency. An example of propensity is an inborn love for writing. pl. -·ties. 1  a natural inclination or tendency; bent.  Obs. favorable inclination; bias (for)
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- Particularity. Particularity .—The requirement that warrants shall particularly describe the things to be seized makes general searches under them impossible and prevents the seizure of one thing under a warrant describing another.articularity. Particularity .—The requirement that warrants shall particularly describe the things to be seized makes general searches under them impossible and prevents the seizure of one thing under a warrant describing another.
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Propensity to Consume: Thus we make this concept clear by taking an example, let us suppose the disposable income rises from $2000 billion to $3000 billion ( by $1000 billion) and the consumption expenditure increases from $1500 billion to $2000 billion (by $500 billion). The marginal propensity to consume is:
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Marginal Propensity to Consume: Definition and Formula of the MPC The marginal propensity to save is the portion of extra income that consumers save. It is the change in savings divided by the change in disposable personal income. Bob's marginal propensity to save (or MPS for short) is $200 / $1,000, or 20%, simplified as 0.2.
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causality causality. in philosophy, the relationship between cause and effect. A distinction is often made between a cause that produces something new (e.g., a moth from a caterpillar) and one that produces a change in an existing substance (e.g., a statue from a piece of marble).ausality is objective; it is an internal relationship inherent in things. It is universal, since there are no phenomena that do not have causes, just as there are no phenomena that do not produce some effect.
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- The average propensity to consume refers to the. a.dollars of income spent for current consumption. b.percentage of income saved. c.expenditures for the minimum necessities of life. d.percentage of income spent for current consumption. e.fact that people with higher incomes spend more for the necessities of life.
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tendency The definition of a tendency is an inclination towards a certain action or behavior. An example of a tendency is when you usually are very neat and tidy. tendency. pl. tendency. a.
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propinquity The definition of propinquity is nearness in place or time, or similarity of nature. 1  An example of propinquity is the nearness of a slaughterhouse to a hotel, making it difficult to rent rooms.  An example of propinquity is the shared mannerisms of two sisters.
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Marginal propensity to save The marginal propensity to save (MPS) is the fraction of an increase in income that is not spent on an increase in consumption. That is, the marginal propensity to save is the proportion of each additional dollar of household income that is used for saving. It is the slope of the line plotting saving against income.
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Translations for sensitivity and specificity Here are all the possible meanings and translations of the word sensitivity and specificity. Freebase(5.00 / 1 vote)Rate this definition: Sensitivity and specificity are statistical measures of the performance of a binary classification test, also known in statistics as classification function.
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Prevalence In epidemiology, point prevalence is a measure of the proportion of people in a population who have a disease or condition at a particular time, such as a particular date. It is like a snap shot of the disease in time.It can be used for statistics on the occurrence of chronic diseases.revalence is contrasted with incidence, which is a measure of new cases arising in a population over a given period (month, year, etc.).
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- Definition of EXTENSITY. 1. a: the quality of having extension b: degree of extension: range. 2.efinition of EXTENSITY. 1. a: the quality of having extension b: degree of extension: range. 2.
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Definition of 'dispensation' A dispensation is special permission to do something that is normally not allowed. A special dispensation may by obtained from the domestic union concerned. They were promised dispensation from military service. [+ from] The committee was not prepared to use its discretion and grant special dispensation.
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Sensitivity and specificity Sensitivity and specificity. Sensitivity (also called the true positive rate, the recall, or probability of detection in some fields) measures the proportion of positives that are correctly identified as such (i.e. the percentage of sick people who are correctly identified as having the condition).
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prevalence The number of cases of a disease existing in a given population at a specific period of time (period prevalence) or at a particular moment in time (point prevalence). /prev·a·lence/ (prev´ah-lins) the number of cases of a specific disease present in a given population at a certain time.
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- Morbidity is a term used to describe how often a disease occurs in a specific area or is a term used to describe a focus on death. 1  An example of morbidity is the number of people who have cancer.  An example of morbidity is a focus on death.
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Australian Bureau of Statistics Causality is the area of statistics that is commonly misunderstood and misused by people in the mistaken belief that because the data shows a correlation that there is necessarily an underlying causal relationship.
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Probability interpretations The main challenge facing propensity theories is to say exactly what propensity means. And then, of course, to show that propensity thus defined has the required properties. At present, unfortunately, none of the well-recognised accounts of propensity comes close to meeting this challenge.
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Headphones Sensitivity is a measure of. how likely it is for a test to pick up the presence of a disease in a person who has it. Specificity: We define specificity as the probability that the test says a person does not have the. disease when in fact they are disease free.
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fondness partiality - a predisposition to like something; he had a fondness for whiskey. fondness, fancy. liking - a feeling of pleasure and enjoyment; I've always had a liking for reading; she developed a liking for gin.
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Free Test Bank for Personal Financial Planning 12th Edition True False Questions The need for financial planning declines as your income increases. Current consumption effects future consumption. A person who has $2,000 monthly income and spends $1,800 monthly has an average propensity to consume of 90%. A person making $35,000 and spending $30,800 has an average propensity to consume of 80%. Most families find it difficult to discuss money matters. Average propensity to consume refers to how much of your money you plan to save in your financial plan. Your corporate stock is an example of a real asset.
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Definition of 'dispensation' A dispensation is special permission to do something that is normally not allowed. 1  A special dispensation may by obtained from the domestic union concerned. 2  They were promised dispensation from military service. 3  The committee was not prepared to use its discretion and grant special dispensation. Dispensation of something is the issuing of it, especially from a position of authority. ...our application of consistent standards in the dispensation of justice. A dispensation is a religious or political system that has authority at a particular time. The new dispensation proved a success, certainly with the business community. More Synonyms of dispensation
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Marginal propensity to save The marginal propensity to save (MPS) is the fraction of an increase in income that is not spent on an increase in consumption. That is, the marginal propensity to save is the proportion of each additional dollar of household income that is used for saving.It is the slope of the line plotting saving against income.For example, if a household earns one extra dollar, and the marginal propensity to save is 0.35, then of that dollar, the household will spend 65 cents and save 35 cents.Likewise, it is the fractional decrease in saving that results from a decrease in income.PS can be calculated as the change in savings divided by the change in income. Or mathematically, the marginal propensity to save (MPS) function is expressed as the derivative of the savings (S) function with respect to disposable income (Y).
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- 1 An example of propinquity is the nearness of a slaughterhouse to a hotel, making it difficult to rent rooms. 2  An example of propinquity is the shared mannerisms of two sisters. 3  nearness in time or place.  nearness of relationship; kinship.
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Pylera Capsules DRUG DESCRIPTION. PYLERA capsules are a combination antimicrobial product containing bismuth subcitrate potassium, metronidazole, and tetracycline hydrochloride for oral administration. Tetracycline hydrochloride is encapsulated within a smaller capsule to create a barrier to avoid contact with bismuth subcitrate potassium.
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The Average Accountant Salary With a Bachelor's Degree According to the Maryland Public Accounting Salary survey for 2010, entry-level accountants at large accounting firms earned between $50,000 and $55,000, while those at midsized firms earned between $47,000 and $51,000. The smallest firms generally offered salaries of less than $40,000.